Edgewater Wireless Announces Year End 2023 Financial Results

OTTAWA--(BUSINESS WIRE)--Edgewater Wireless Systems Inc. (TSXV: YFI) (OTC: KPIFF), the industry leader in Wi-Fi Spectrum Slicing technology for residential and enterprise markets, is pleased to announce its financial and operational results for the Year Ending April 30, 2023, which are available on SEDAR (www.SEDAR.com).

“Further review by our team and an external subject matter expert has resulted in the re-categorization of the 2022 Convertible Debentures. The additional prudence taken in preparing our YE financials led to a delay in filing our results,” said Andrew Skafel, President and CEO of Edgewater Wireless Systems Inc. “Operationally, we’re delighted by the progress over these last few months, and we’re on track for a positive 2023 and 2024. The launch of our next-generation WiFi7 Spectrum Slicing silicon has captured the imagination of Service Providers, and we’re fielding multiple requests for engineering samples from Tier 1 Service Providers and OEMs. Spectrum Slicing offers a proven, real-world solution to better home Wi-Fi for ALL devices — existing and new.”